JP Morgan will announce its Q4 2013 earnings Tuesday morning at 7:00 am EST, with a conference call to follow at 8:30 am EST, and analysts are split on whether or not the bank's legal troubles will harm its bottom line.

Naturally the question on everyone's mind is how the company will fair given the mountain of legal fees it has paid out to the government for variety of transgressions — from mortgage fraud dating back to the financial crisis, to its failure to report account irregularities with its former client Bernie Madoff, to the London Whale trading loss.

All told, this year JP Morgan has paid enough in fines to take care of the New York Yankees' payroll for 20 years, according to the NYT.

Since then, the bank has paid a $13 billion settlement to settle government charges that it sold bad mortgages, as well as $4.5 billion to private investors in the bank's mortgage bonds. Last week, the bank paid the government an additional $1.7 billion to settle charges surrounding its relationship with Bernie Madoff.

Just to name a few things.

But JP Morgan has been preparing for this, and if you look at the stock price, which is up 27.5% year over year, it seems like shareholders have been too.

In the bank's third quarter earnings announcement, management said the bank dug into its coffers and found $23 billion to put aside to deal with the over a dozen probes into its activities being conducted by regulators around the world. CFO Marianne Lake said the future would be "lumpy", but was confident the bank could handle it.

So Wall Street is split on whether or not JP Morgan can shake this off. Credit Suisse is bearish on the stock, and thinks that a $600 million legal bill will significantly cut into JPM's operating earnings per share.